Phantom Studios

Phantom Studios (formerly Phantom Films) is an Indian film production and distribution company established by Madhu Mantena, Anurag Kashyap, Vikas Bahl, and Vikramaditya Motwane. It was founded in 2011 by all four of them, and was cited as the "directors' company". In March 2015, Reliance Entertainment picked up 50% stake in the company.

The company made its debut in the film industry with its first production, Lootera (2013). Directed by Motwane, the period romance featured actors Ranveer Singh and Sonakshi Sinha in the lead roles. The film was a collaboration with Balaji Motion Pictures, serving as a co-producer. Next year, the company co-produced the romantic comedies Hasee Toh Phasee, starring Parineeti Chopra and Sidharth Malhotra and directed by Vinil Mathew, and Queen, directed by Vikas Bahl and starring Kangana Ranaut and Lisa Haydon. Both films were critical and commercial successes, with the latter also winning the National Film Award for Best Feature Film in Hindi. It was followed by the thrillers Ugly, starring Rahul Bhat and Ronit Roy and directed by Anurag Kashyap, and NH10 (2015), directed by Navdeep Singh and starring Anushka Sharma and Neil Bhopalam. The company went on to produce other critically acclaimed projects like Udta Punjab (2016), starring Alia Bhatt and Shahid Kapoor which was directed by Abhishek Chaubey, and 83 (2021), starring Ranveer Singh and Deepika Padukone which was directed by Kabir Khan.

In March 2022, the company was renamed to "Phantom Studios" with Srishti Behl at the helm as the CEO. The company co-produced the Amazon Prime period drama series Jubilee (2023). The company partnered with AGS Entertainment and co-produced the 2025 Hindi remake of the 2022 Tamil blockbuster Love Today, which was titled Loveyapa and starred Junaid Khan and Khushi Kapoor.